This Set-Off Agreement is between two parties who are indebted to each other and agree to set-off the full amount of one party's indebtedness. This agreement sets out the names and addresses of both parties, the amounts and dates of any agreements between the parties and the parties desire to set-off the indebtedness. It is imperative that this agreement be clearly set out in writing. A written Set-Off Agreement will prove invaluable in the event there are disagreements or misunderstandings surrounding the transaction.

This Set-Off Agreement contains the following:

• Parties: Names of both parties to this transaction;
• Agreement Information: Sets out the type, date and amount of agreement between the first and second parties, as well as the agreement between the second and first party;
• Aggregate Amounts: Sets forth the aggregate amounts of both agreements which will be set-off and any difference which is due.

Protect yourself and your rights by using our attorney-prepared forms.

This attorney-prepared packet contains:

1. General Instructions
2. Set-Off Agreement

State Law Compliance: This form complies with the laws of all states